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Construct Capital raises $300M fund for defense and manufacturing tech
Construct Capital has raised a $300M fund targeting early-stage startups in defense and manufacturing tech. This Washington, D.C.-based firm, founded by Dayna Grayson and Rachel Holt, indicates strong institutional interest in defense tech amid geopolitical tensions and efforts to boost domestic manufacturing.
Key points
- Construct Capital raised $300M for its third fund, focusing on early-stage tech in defense and manufacturing.
- The firm previously secured $225M and $75M funds for earlier phases.
- Institutional investors show rising interest in defense tech due to geopolitical issues.
- The firm was founded in 2020 by industry experienced partners, Dayna Grayson and Rachel Holt.
- Investments include startups like Hadrian, which focuses on manufacturing parts for defense, and Veho, specializing in e-commerce logistics.
Why it matters
- In 2025, the defense technology sector is anticipated to grow, reflecting ongoing global tensions.
- Investment trends are shifting toward fostering domestic manufacturing capabilities.
- In the backdrop, geopolitical issues and federal policies are influencing funding in the tech sector.
Construct Capital's successful capital raising reflects a notable trend in venture capital, driven by increased interest in defense technologies and domestic production, aligning with broader global shifts in 2025.